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Daily Archives: October 4, 2016

S&P Stops Conferring Ratings to Bank of Georgia

S&P Stops Conferring Ratings to Bank of Georgia

S&P will not confer ratings to Bank of Georgia any more. The ratings were recalled by will of Bank of Georgia, the influential rating agency reports. Before, it had affirmed its ‘BB-/B’ long- and short-term counterparty credit ratings and its ‘ilA’ Israel national scale rating on the Bank of Georgia (BoG), …

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Georgia Among 17 Countries with the Lowest Tax Rates in the World

The World Economic Forum recently released its Global Competitiveness Report on the state of the world’s economies. The group analysed data including levels of corruption, inflation, and policy stability to compile a picture of virtually every country. One of the indicators the WEF uses is a country’s tax burden, with lower scores …

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New Georgian Whiskey JIMSHER to Appear on Market in New Year Period

New Georgian Whiskey JIMSHER to Appear on Market in New Year Period

The first Georgian whiskey JIMSHER will appear on the Georgian market by the New Year. The new Georgian beverage was developed by Jimi Chkhaidze. The three new varieties of whiskey tells entirely new history with Georgian accents, Jimi Chkhaidze said. JIMSHER whiskey is made of Georgian cereals by traditional whiskey technology. …

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Tabor Project is 400 000 m2 New Lung For Tbilisi

TABOR

Georgian PM Giorgi Kvirikashvili elaborated on importance of the multifunctional complex being constructed near the Freedom Square, Sololaki Ridge and the mountain Tabor. Following the initiative of the Georgian Co-Investment Fund, high-class of unparalleled architectural value – three-tier complex encompassing multifunctional complexes near the Freedom Square, Sololaki Ridge and the …

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Tourism Development Fund: $680 million Investment and 8 Large-Scale Projects

Georgian Co-Investment Fund is to establish Tourism Development Fund of Georgia with a purpose of investing 680 million USD and administering 8 large-scale projects in Tbilisi, Guria, Ajara and Samegrelo. Fund aims at developing tourism infrastructure in the regions of Georgia where tourism industry had previously been overlooked.   “The …

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FlyUIA Announces 20% Discount on Flights from Kutaisi

Ukraine International Airlines (FlyUIA) has announced 20% discount campaign on flights from Kutaisi international airport. Later, the discount campaign will be expanded to flights from Tbilisi International Airport too. Kutaisi-Kyiv – 73 EUR Kutaisi-Kharkiv – 68 EUR Kutaisi-Kyiv-Kutaisi – 145 EUR Kutaisi-Kharkiv-Kuitaisi-139 EUR Beijing – 310 EUR Amsterdam – 160 …

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White Elephants on the Silk Road

The ruler of Siam (that is the king of ancient Thailand) could make, when falling into a bad mood, a “royal present” to his courtier: he would give him a white elephant which would ruin the unfortunate official due to the necessity of feeding the animal. It was not possible …

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